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20121219
20121219
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Search Results 0 to 7 of about 8
CNBC
Dec 18, 2012 7:00pm EST
imagine another rough day here in newtown, connecticut. first graders from sandy hook elementary gathered to bury two more of their classmates here. on the other side of this, students from other schools here back to school today for the first time since the tragedy. very rough as one high schooler told us, there will be no joy in school for quite some time. we talked to parents dropping off their kids. there were tears and very apprehensive. but they knew this was something they needed to do. one parent said, look, i feel okay about my kid, i know that the teachers here are going to do the best they can because the teachers who did at sandy hook elementary, of course referring to the women there to tried to defend their students. one of those victoria soto will be laid to rest tomorrow. but again, people here starting to talk about healing. starting to talk about normalcy of some sort. but really, what can be normal when you continue to talk about burying six and seven-year-old kids. there is nothing that fits the norm when you discuss that. >> i hear you jay, when you have the
CNBC
Dec 18, 2012 11:00pm EST
and when you combine that with the billions that we spent after hurricane sandy you can see why rates are going down. it will produce a ton of jobs as spending has been held back while we waited for washington. certainty beckons and you want to be involved in the markets ahead of the certainty. that is why this is a rally in anticipation of certainty. hence why the banks are going higher. and they can loan out your money what you were getting on your cds and your savings account. which brings me to gold. lots of people think when you buy gold, you do it because inflation is about that. i think the recent move down in gold confirms that interest rates are going higher. gold may have yet further to fall. i still like gold. so to sum it up, you are asking what the heck is this market doing running up ahead of a no deal near term? the markets are telling us we will only get some agreement on the budget and taxes. sure, our debt will get downgraded like it did last year, but maybe that is the price our government is willing to pay to get this economy moving again. here is the bottom
CNBC
Dec 19, 2012 3:00pm EST
exchange, rick santelli with us and sandy vallari with us as well. sandy, i'll begin with you. as we're sitting here, i don't know how you feel about the market and the cliff. yesterday one tone. today seems to be we've reverted backwards. >> so frustrating. here we go again. i think the market does have a lot of support at 1420. i do think they will get a deal done but i don't think it will happen this year. i think it happens into january and they can make things retroactively back to january so everything happens from that point. so frustrating we've got to go through that again. >> does name pact the economy and sort of the fundamentals of this market if we go into january, go over the cliff and then we actually have, to you know, reverse things? i mean, you're beginning the year with more uncertainty. >> ceos are already -- they are holding back on hiring. they are doing all these other things so ultimately, no, it won't have a fundamental impact because i think it will all be retroactive for january 2013. hard for people to hire in such an uncertain climate for everybody. >>ry, ov
CNBC
Dec 19, 2012 9:00am EST
this month. >> another challenging quarter for fedex with the blame squarely on sandy. but the stock is up pre-market. >> oracle posts a strong quarter with even stronger guidance. the season rebound in europe. no impact from the fiscal cliff. >> and ge gets boosted from ubs's key call list on the weaker than expected macro environment. still on the list is including -- well tell you in a couple of minutes. >> general motors is up sharply in the pre-market session. the treasury department says it intends to sell the rest of its stakes in gm in the next 12 to 15 months. the automaker will buy back 200 million shares from treasury for $27.50 a share. treasury says it plans to sell its other remaining shares through various means in an orderly fashion. timothy masssad will join us later. this could be a buy signal with the government signaling it is in fact out. >> i think people are looking at what happened with aig, and saying, once you get rid of the overhang, it's off to the races. i know tim's a classmate of mine at law school. he said, listen, we'll do our best to be able to get o
CNBC
Dec 19, 2012 12:00pm EST
things. pension costs, fuel costs, sandy. as my grade schoolteacher used to say, excuses are like -- and everybody has one. >> i had to roll up my sleeves to go after ennis. people have been pinching pennies. that's why fedex got hurt. they went to the ground shipping, which is cheaper. >> express was down. >> right. now i think express comes back because you've got europe, perhaps, working its way out of the recession. u.s. not falling off the fiscal cliff. so if i'm right, ennis, i think those are reasons to like this stock going forward. china means they'll will shipping more. smith said on the call, by the way, fred smith said that holiday shipments expected to be up double digits. >> john, you just hit the key. china is the key to this story. i'm not a bull on china. if you are, that's the bull's case. >> pete, who made the more compelling argument in this case? >> i said beforehand i wasn't going toeith my brother. actual actually, i am. i tend to be a bull on china. i tend to be a bull on the global economy coming back in a big way. i think fedex is going to be the beneficiary. i
CNBC
Dec 19, 2012 6:00am EST
the united states, $25 billion from superstorm sandy alone. >> nike capital agreed in principle to be acquired by getgo on the cash portion of the bid. knight capital agreed. the cash portion a prior bid increased. $3.75 a share and knight ceo, tom yois, would have been the chairman, instead be executive chairman. our guest in the first hour, one of wall street's most successful value investors continues to deliver for his clients. his fund is up 30% this year. joining us now, lee cooperman, chairman of omega advisories, delivering alpha advisory board and speaker, something we put on every year. i can hear all this stuff, i guess it was greatly exaggerated, the demise of investing and investing in general, and you can only get 5 or 6% if you're lucky and here you come in this past year with 30%. >> the year is not over. 7 1/2 trading days left and we're watching it closely. >> you've basically done this by staying positive for most of the year. >> positive most of the year and continuing mildly positive now, less positive than we have been. >> really? why on earth were you positiv
CNBC
Dec 19, 2012 1:00pm EST
. that's the big story. >> my people of the year would have been the teachers and students of sandy hook elementary. i think they have changed america forever. sue? >> i second that one, ty. >>> coming up, kayla with a very interesting app from bank of america. >> it is like the ghost of christmas future and we are all ebenezer scrooge. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vi
CNBC
Dec 19, 2012 2:00pm EST
of gun control. nearly 11 million guns sold last year and this year could be a record year. sandy hook elementary tragedy as many good sporting retailer. curbing sales of certain waebones. can k0ur9 courtney regan takingk at this. what have you found? a very passionate issue for many. >> so far dick's sporting goods is the only major gun retailer that made changes to firearm inventory following the tragedy in connecticut. dick's sporting goods removed all guns for sale and display in the store closest to newtown co. wal-mart tells cnbc it has made no changes to its inventory the week of the tragedy though it has taken down an information page on one of the guns. sales have fallen since friday's tragedy. however, analysts i spoke to think the gun debate will benefit the retailers in the near term following election, fear of changing legislation causing a surge in demand in the month of november and the latest tragedy is expected to increase demand for guns pop. >> according to the fb i, the none of background checks have hit a record. that excludes the month of december. november s
Search Results 0 to 7 of about 8